Mortgage interest rates fell to the lowest level in four months, but that did nothing to spark activity in the mortgage market. total mortgage application volume dropped 9.8 percent at the end of last week from two weeks earlier, according to the Mortgage Bankers Association’s seasonally adjusted index.
Applications to refinance a home loan, which are most rate-sensitive, increased 4 percent for the week but were still nearly 10 percent lower. borrowers willing to jump in and get whatever savings.
Mortgage applications increased 10% amid a bond market sell-off. The MBA Applications Index rose 10% after falling 3% the week before. Interestingly, the bond market sold off hard last week, with.
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Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts. r/economy. log in sign up. User account menu. 12. Mortgage applications plummet nearly 10% to end 2018, despite lower rates. close. 12. posted by. u/thinkB4WeSpeak. 8 months ago. Archived.
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Mortgage rates tick up amid see-sawing trade discussions. Although the benchmark 30-year fixed rate saw a double-digit jump this week, there’s no need for consumers to panic. Find out why.
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